The demand for the US currency remains high.

Last week, the dollar index (#DX) again updated its monthly highs and closed in the positive zone.

The Bank of Canada raised its key interest rate by 25 basis points to 1.75%.

The ECB, as expected, kept the main parameters of monetary policy at the same level.

Financial market participants are waiting for meetings of the Central Banks of Japan and the UK, as well as a report on the US labor market.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

Monday, October 29th

On Monday, the news feed will be calm.

We recommend paying attention to the report on the autumn forecast of the UK Treasury at 14:30 (GMT+2:00).

Tuesday, October 30th

On Tuesday, investors will evaluate the following statistics:

• A report on the labor market in Germany at 10:55 (GMT+2:00);
• CB consumer confidence index in the USA at 16:00 (GMT+2:00).​

Wednesday, October 31st

On Wednesday, the Bank of Japan will announce its decision on the key interest rate.

Experts expect that the regulator will leave interest rates at the same level.

Important economic reports:

• The consumer price index in Australia at 02:30 (GMT+2:00);
• The index of economic activity in the manufacturing sector in China at 03:00 (GMT+2:00);
• Statistics on inflation in the Eurozone at 12:00 (GMT+2:00);
• Change in the number of people employed in the US non-farm sector from ADP at 14:15 (GMT+2:00);
• Data on Canadian GDP at 14:30 (GMT+2:00).

Thursday, November 1st

On Thursday, the attention of investors will be focused on the meeting of the Bank of England at 14:00 (GMT+2:00).

It is expected that the Central Bank will keep the main parameters of monetary policy at the same level.

Investors will also evaluate the following statistics:

• The index of economic activity in the manufacturing sector of China from Caixin at 03:45 (GMT+2:00);
• The index of economic activity in the UK manufacturing sector at 11:30 (GMT+2:00);
• The index of economic activity in the US manufacturing sector from ISM at 16:00 (GMT+2:00).

Friday, November 2nd

On Friday, the trading week will end with the publication of a report on the labor market in the United States at 14:30 (GMT+2:00).

We also recommend paying attention to the following economic reports:

• The volume of retail sales in Australia at 02:30 (GMT+2:00);
• The index of economic activity in the manufacturing sector in Germany at 10:55 (GMT+2:00);
• The index of economic activity in the UK construction sector at 11:30 (GMT+2:00);
• Employment change in Canada at 14:30 (GMT+2:00).